Market

US Stocks End Week Sharply Higher as Oil Prices Decline

New york: Major stock indices on Wall Street closed higher today, as oil prices fell and the Strait of Hormuz was reopened. The Standard and Poor’s 500 index rose by approximately 1.20 percent, to close at 7126.05 points. The Nasdaq Composite Index al…

Oil Prices Fall Sharply After Full Reopening of Strait of Hormuz

Doha: Global oil prices have dropped by more than 10 percent following the announcement of the full reopening of the Strait of Hormuz, easing concerns over supply disruptions. The price of Brent crude for June delivery fell by 10.42 percent to USD 89….